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I Made It; It’s Mine

Why Tech Founders Have an Irregular Amount of Control Over Their Public Companies

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Turning Silicon into Gold
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Abstract

Zuckerberg, Gates, Jobs—all founders that have been given celebrity status as the face of companies that have changed the world with technology. Gaining traction as household names and growing their visions and companies took considerable outside financial and operational investment; despite this, these founders and others like them have managed to maintain a massive amount of control over their companies through a variety of methods.

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Notes

  1. 1.

    www.asyousow.org/vote-your-shares

  2. 2.

    www.sec.gov/Archives/edgar/data/1288776/000119312512160666/d333341dex993.htm

  3. 3.

    www.vox.com/2017/6/13/15788892/alphabet-shareholder-proposals-fair-shares-counted-equally-no-supervote

  4. 4.

    www.vox.com/2017/2/21/14670314/snap-ipo-stock-voting-structure

  5. 5.

    www.businessinsider.com/spotify-direct-public-offering-has-firewall-to-keep-founders-in-control-2018-2

  6. 6.

    www.vox.com/2019/4/11/18302102/ipo-voting-multi-dual-stock-lyft-pinterest

  7. 7.

    https://site.warrington.ufl.edu/ritter/files/2019/04/IPOs2018VC-backed-1.pdf

  8. 8.

    www.wired.com/story/ellen-pao-founders-absolute-power-destroying-company-culture/

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© 2020 Griffin Kao, Jessica Hong, Michael Perusse and Weizhen Sheng

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Kao, G., Hong, J., Perusse, M., Sheng, W. (2020). I Made It; It’s Mine. In: Turning Silicon into Gold. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4842-5629-9_22

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